Payment from First Active

First Active shareholders will shortly get their first dividend and loyalty shares from the former building society. Shareholders will be paid an interim dividend of 3.8 cents (3p) per share on October 29th. All shareholders who are on the share register at the close of business on September 10th will qualify for the payment.

Former members of the building society who still hold the free shares issued at the time of flotation will also be entitled to receive loyalty shares when the dividend is paid. These investors are entitled to 23 free shares for every block of 450 free shares claimed by September 29th 1998 and held continuously until October 6th next. A second and final tranche of loyalty shares will be issued in the second half of 1999.

Some 10 million shares are still unclaimed. Former members who are entitled to take up the shares have until October 6th, 2001 to do so.